WHY NOVUS CAPITAL?

Novus Capital Limited is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.

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Itech Minerals Limited

Itech Minerals Limited

INVESTMENT HIGHLIGHTS

Battery and Strategic minerals for the coming wave of electrification in transportation, energy and industrial sectors

TRANSACTION – Spin-out of battery and strategic minerals assets from Archer Materials Limited (AXE) which is focussing on Quantum Computing technology business. Archer shareholders to retain 59% of the company on IPO with priority application rights.

VALUATION - Post IPO EV of $12.2 million very low based on comparable Halloysite-Kaolin ASX companies given tenure, productivity, and other assets in the portfolio. iTech Minerals plans to achieve a significant rerating of its market capitalisation of potential peers such as Andromeda Metals ($627M), FYI Resources ($169M), and Latin Resources ($69M).

HIGH PURITY HALLOYSITE-KAOLIN - Eyre Peninsula Project (1,305km2), to the east of Andromeda Metals (ASX: ADN) Great White Kaolin Project and the Franklyn Project (3,430km2) with an exploration target of 45-91 Mt at 30-36% Al2O3 (<45µm).

GRAPHITE - Campoona Graphite Project with granted Mining Lease and JORC 2012 Resource of 8.55Mt at 9.0% TGC (5% TGC lower cut-off) across 3 deposits. Scoping Study completed.

COPPER/GOLD - Nackara Cu-Au Porphyry Project and Billa Kalina IOCG Project. And the Nackara Arc Gold Project (potential for Telfer ~10 Moz style saddle reef gold deposits).

TUNGSTEN/TIN/POLYMETALLICS – Crowie Creek Project in South Cobar Basin and Stanthorpe Project in northern NSW.

LOCATION LOCATION – Projects are close to critical infrastructure which enhances project economics.

COMPANY OVERVIEW

The flagship projects are the Franklyn and Eyre Peninsula Halloysite-Kaolin projects which are prospective for high-quality halloysite-kaolin that could be a source of feedstock for the production of High Purity Alumina, high-value ceramics applications, and nanotechnology. Each of these projects covers large landholdings and has good access to infrastructure with low overburden. The Franklyn project hosts a JORC compliant exploration target from drilling and sampling undertaken by Archer Materials Ltd.

For further information, please contact Gavan Farley of Novus Capital Limited on mobile +61 420 520 300 or via email gavan.farley@novuscapital.com.au

Update 30 September 2021

The Offer is Closed with Oversubscription